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Paramita Bannerjee
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Paramita Bannerjee was born and raised in Kolkata, India. She started her stock market career with Kotak Securities and has been the chief contributor to more than 35 corporate and 13 industrial blogs. She specializes in and closely tracks the Technology sector.
My blog:
the technology sector
  • Infosys' Q4 Revenues Down 5% At Rs 8852 Crores 0 comments
    Apr 24, 2012 3:03 AM

    India's second largest software services provider Infosys reported a 27% year-on-year growth in net profit for the fourth quarter, but forecast much lower-than-expected US dollar revenue growth for FY13, warning the year remained challenging due to slower growth in the global economy.

    It reported a net profit of Rs 2,316 crore for the January-March quarter, up 27.4% year-on-year, but down 2.4% sequentially. Revenue for the three-month period was up 22.1% from a year ago at Rs 8,852 crore. Revenue quarter-on-quarter was down 4.8% in Jan-March, which is typically a muted quarter for IT exporters.

    Infosys' fourth quarter EBIT margin was at 29.9%, down from 31.2% from the third quarter.

    Infosys expects a revenue growth of 8-10% to USD 7,553-7,692 million for the current fiscal year. Its earnings per American depository share are likely to grow 4-5.7% year-on-year to USD 3.12-3.17 for the full year.

    Infosys

    Themes: IT Sector, Infosys
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